OTTAWA: Canada's first budget in two years, to be presented to parliament on Monday, proposes a sales tax for online platforms and e-commerce warehouses, a digital services tax for Web giants and a luxury tax on items like yachts, government sources familiar with the document said. It will not include a wealth tax, a levy sought by the opposition New Democrats. Liberal Prime Minister Justin Trudeau's budget will need the support of at least one opposition group to pass. The budget will include a sales tax for online platforms and e-commerce warehouses starting from July, and a digital services tax on big Web companies starting from Jan. 1,2022, both measures originally promised last year. Online platforms include foreign-based vendors with no physical presence in Canada that sell products such as mobile apps and online video gaming.

Source: The Star April 18, 2021 22:41 UTC